Intuit (INTU) Position Held by Manchester Capital Management Llc; Steinberg Global Asset Management Upped Position in Ncr New (NCR) as Share Value Declined

February 17, 2018 - By Darrin Black

Manchester Capital Management Llc increased its stake in Intuit (INTU) by 3422.22% based on its latest 2017Q3 regulatory filing with the SEC. Manchester Capital Management Llc bought 4,004 shares as the company’s stock rose 4.61% with the market. The institutional investor held 4,121 shares of the prepackaged software company at the end of 2017Q3, valued at $586,000, up from 117 at the end of the previous reported quarter. Manchester Capital Management Llc who had been investing in Intuit for a number of months, seems to be bullish on the $43.89B market cap company. The stock increased 1.41% or $2.38 during the last trading session, reaching $171.69. About 1.70M shares traded or 24.83% up from the average. Intuit Inc. (NASDAQ:INTU) has risen 23.62% since February 17, 2017 and is uptrending. It has outperformed by 6.92% the S&P500.

Steinberg Global Asset Management increased its stake in Ncr Corp New (NCR) by 156.05% based on its latest 2017Q3 regulatory filing with the SEC. Steinberg Global Asset Management bought 25,965 shares as the company’s stock declined 15.84% while stock markets rallied. The institutional investor held 42,604 shares of the office equipment and supplies and services company at the end of 2017Q3, valued at $1.60 million, up from 16,639 at the end of the previous reported quarter. Steinberg Global Asset Management who had been investing in Ncr Corp New for a number of months, seems to be bullish on the $3.98 billion market cap company. The stock decreased 1.42% or $0.47 during the last trading session, reaching $32.63. About 837,272 shares traded. NCR Corporation (NYSE:NCR) has risen 38.24% since February 17, 2017 and is uptrending. It has outperformed by 21.54% the S&P500.

Manchester Capital Management Llc, which manages about $2.59 billion and $645.43M US Long portfolio, decreased its stake in Dbx Etf Tr (DBEF) by 222,654 shares to 300 shares, valued at $9,000 in 2017Q3, according to the filing. It also reduced its holding in Vanguard Tax Managed Intl Fd (VEA) by 11,003 shares in the quarter, leaving it with 46,922 shares, and cut its stake in Vanguard Index Fds (VTV).

Since August 24, 2017, it had 0 insider purchases, and 15 selling transactions for $155.18 million activity. 183,333 shares were sold by COOK SCOTT D, worth $25.88 million. Another trade for 5,350 shares valued at $750,338 was made by STANSBURY HENRY TAYLOE on Thursday, August 31. 184,585 Intuit Inc. (NASDAQ:INTU) shares with value of $26.05M were sold by Williams R Neil. 98,901 shares were sold by Goodarzi Sasan K, worth $13.37 million. FLOURNOY MARK J sold $265,839 worth of Intuit Inc. (NASDAQ:INTU) on Monday, September 11.

Among 23 analysts covering Intuit (NASDAQ:INTU), 9 have Buy rating, 2 Sell and 12 Hold. Therefore 39% are positive. Intuit had 83 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Underweight” rating by First Analysis on Friday, August 21. The rating was maintained by Credit Suisse on Wednesday, August 23 with “Buy”. On Saturday, August 22 the stock rating was downgraded by TheStreet to “Buy”. The rating was maintained by UBS with “Buy” on Wednesday, September 9. On Wednesday, August 26 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by Barclays Capital on Wednesday, November 15 with “Equal-Weight”. The stock has “Buy” rating by UBS on Friday, November 20. The rating was initiated by William Blair with “Buy” on Tuesday, September 19. The firm has “Buy” rating by Deutsche Bank given on Wednesday, August 19. The company was maintained on Wednesday, August 23 by Oppenheimer.

Among 13 analysts covering NCR (NYSE:NCR), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. NCR had 32 analyst reports since August 20, 2015 according to SRatingsIntel. Morgan Stanley maintained NCR Corporation (NYSE:NCR) on Friday, October 20 with “Equal-Weight” rating. The stock has “Buy” rating by RBC Capital Markets on Thursday, April 13. On Friday, December 18 the stock rating was reinitiated by JP Morgan with “Overweight”. The company was maintained on Friday, July 14 by RBC Capital Markets. The firm has “Neutral” rating given on Thursday, February 4 by Wedbush. The firm earned “Buy” rating on Wednesday, August 9 by Oppenheimer. The firm has “Outperform” rating by Oppenheimer given on Wednesday, October 28. RBC Capital Markets maintained NCR Corporation (NYSE:NCR) on Friday, September 22 with “Buy” rating. On Thursday, January 4 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of NCR Corporation (NYSE:NCR) earned “Overweight” rating by Jefferies on Friday, December 18.

Steinberg Global Asset Management, which manages about $604.10 million and $680.23 million US Long portfolio, decreased its stake in Ishares Tr (IVE) by 6,715 shares to 90,763 shares, valued at $9.79M in 2017Q3, according to the filing. It also reduced its holding in Allergan Plc by 6,376 shares in the quarter, leaving it with 5,389 shares, and cut its stake in Tjx Cos Inc New (NYSE:TJX).